AfricaWorks Insights
February 24, 2025 at 02:56 PM
South Africa’s 🇿🇦 most valuable company, Naspers, through its subsidiary Prosus, is set to acquire Dutch 🇳🇱 takeaway business Just Eat Takeaway.com for R79 billion (€4.1 billion), offering a 49% premium on its share price. This deal expands Prosus’ global food delivery footprint, complementing holdings in Mr D and iFood. Just Eat Takeaway, with 61 million customers across 17 markets, will benefit from Prosus’ e-commerce expertise 🚀.
Rwanda 🇷🇼 has partnered to create a Food Innovation Hub to transform food systems in Africa 🌍. The initiative will empower farmers, boost food production, and improve nutrition through technology, aligning with Rwanda’s development goals and AGRA’s strategy 🤝. AGRA and the Ministry of ICT will collaborate on policy and partnerships to position Rwanda as a leading food innovation hub.
Nedbank’s report predicts stronger growth and lower inflation for sub-Saharan Africa 🌍 in 2025-2026, outpacing global growth 📈. While global tensions ease, risks like trade tensions and a strong US 🇺🇸 dollar persist. Commodity prices are expected to remain stable, and African currencies showed mixed performance, with some facing pressure from external factors.
Novare Holdings has teamed up with ReElement Technologies in a $100 million investment to develop Africa’s 🌍 first high-purity refining facility for critical minerals. The initiative aims to boost local processing of minerals like lithium and cobalt, reduce Africa's reliance on raw exports, and support economic growth 📈. Using innovative, sustainable technology, this project positions Africa as a key player in the global supply chain, addressing growing global demand for critical minerals 💪.
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